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Town of Nags Head Recommended Budget CIP Schedule with Projected Lease Payments For the Fiscal Year 2019-2020 Tab

1 2

Yellow highlights indicate items on the Adopted Fiscal Year 2018-2019 CIP Schedule Fiscal Cash Grant Description Year Cost Funding General Fund Town Manager: Agenda management software Unmanned aircraft system

2020 2022

$

39,800 23,000 62,800

$

-

$

-

1,610,250 192,000 $ 1,802,250

$

487,932 $ 487,932

$

1,262,452 $ 1,262,452

$

$

$

$ 3 4

5 6 7 8 9 10 11 12 12

Planning: Pedestrian plan implementation**** Short term rental tracking/registration software

2020 2020

$

Public Works Administration: Fuel tank conversion

2020

$

Public Works Facilities Maintenance : Dowdy Park lighting/deck**** Islington Street public beach access parking Beach access 14 yard collection truck** Excavator Ten ton trailer Jay Street public beach access parking Epstein bath house architectural design Epstein bath house replacement**

2020 2020 2020 2020 2020 2021 2021 2022

$

13 14 15

Public Works Sanitation: Replacement residential truck** Replacement front load truck** Replacement commercial truck**

16 16 16

Police: Replacement of 800MHz radios Replacement of 800MHz radios Replacement of 800MHz radios

17 18 18 19 18

Fire: Physical agility test equipment Replacement of 800MHz radios Replacement of 800MHz radios Pumper/Quint*** Replacement of 800MHz radios

20 20 20

Ocean Rescue: Replacement of 800MHz radios Replacement of 800MHz radios Replacement of 800MHz radios

2020 2022 2023

2021 2022 2023

-

$

-

$

-

-

$

39,800 23,000 62,800

$

$

$

192,000 192,000

$ $

$

-

51,900 90,000 $ 141,900

$

-

$

$

335,000 330,000 330,000 995,000

$

$

$

$

-

10,000 10,000

75,429 75,429 75,429 226,287

$

-

$

-

8,495 81,357 86,311 925,000 42,349 $ 1,143,512

$

-

$

-

$

$

-

$

$ 2020 2021 2022 2022 2023

-

140,000 86,500 220,000 110,000 15,000 150,000 25,000 461,250 $ 1,207,750

$ 2021 2022 2023

200,000

$

$

48,214 49,660 44,769 142,643

-

-

$ $

-

$

-

$

-

Total General Fund Lease Payments and Capital Outlay

$

$ $ -

$

-

$

-

-

$

-

-

$

Total Cost

Total Cost to Town (including interest) Reserve General

$ $ -

$

-

$

General Fund Impact FY 20

LGC Approval

39,800 23,000 62,800

$

$

$

1,750,384 192,000 1,942,384

$

32,000 32,000

200,000

$

200,000

$

200,000

157,500 34,600 241,975 114,342 15,000 60,000 25,000 507,250 1,155,667

$

157,500 86,500 241,975 114,342 15,000 150,000 25,000 507,250 1,297,567

$

23,333 34,600 48,395 38,114 15,000 159,442

368,460 362,960 362,960 1,094,380

$

368,460 362,960 362,960 1,094,380

$

78,405 78,405 78,405 235,215

$

78,405 78,405 78,405 235,215

$

$

-

$

-

$

8,495 84,567 89,718 1,140,870 44,019 1,367,669

$

8,495 84,567 89,718 1,140,870 44,019 1,367,669

$

$

$

8,495 8,495

$

$

8,495 8,495

50,118 51,621 46,536 148,275

$

50,118 51,621 46,536 148,275

$

-

$

-

$

$

$

$

$

$

$

$

$

$

11,000 11,000

Cash and Financing Payment Schedule FY 2021 FY 2022 FY 2023

FY 2020

63,692 63,692 -

$

11,000 11,000

$

$

$

188,095 32,000 220,095

$

200,000

$

$

23,333 86,500 48,395 38,114 15,000 211,342

$

73,692 73,692

$

$ YES

YES

$

YES $ $

$ $

-

-

$

Replacement costs are estimates Estimated interest rate of 4%, 3 year payment in advance **five years at 5% ***ten years at 5%****six years at 5% Possible cash down payment on some lessening future year lease payments

-

474,629

$

$

724,624

$

-

$ $

73,692 73,692

$

26,135 26,135

$

28,189 28,189

$

$

$

16,706 16,706

$

708,154

$

$ $

-

233,556 32,000 265,556

$

$

$

$

$

29,167 48,395 38,114 150,000 25,000 290,676

-

$

$

7,200 7,200

7,200 23,000 30,200

$

224,214 32,000 256,214

$

-

$

$ $

28,000 48,395 38,114 93,250 207,759

$

73,692 72,592 146,284

$

26,135 26,135 52,270

$

28,189 29,906 114,087 172,182

$

$

$

16,706 17,207 33,913

$

898,822

$

$

$

$

7,200 7,200

$

214,871 32,000 246,871

$

-

$

$ $

26,833 48,395 110,400 185,628

$

73,692 72,592 72,592 218,876

$

26,135 26,135 26,135 78,405

$

28,189 29,906 114,087 14,673 186,855

$

$

$

16,706 17,207 15,512 49,425

$

973,260

$

$

$

$

FY 2025 And Beyond

FY 2024

$

$

$

$

7,200 7,200

$

-

$

-

205,529 32,000 237,529

$

-

$ $

25,667 48,395 105,800 179,862

$

73,692 72,592 72,592 218,876

$

26,135 26,135 52,270

$

29,906 114,087 14,673 158,666

$

17,207 15,512 32,719

$

887,122

$

$

$ $

$ $

$

196,187 32,000 228,187 24,500 197,800 222,300 145,184 217,776 362,960 26,135 26,135 798,609 14,673 813,282 15,512 15,512

$ 1,668,376

General Fund Capital Improvement Program Workshop March 19, 2019

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Town of Nags Head Recommended Budget CIP Schedule with Projected Lease Payments For the Fiscal Year 2019-2020 Yellow highlights indicate items on the Adopted Fiscal Year 2018-2019 CIP Schedule Fiscal Cash Grant Description Year Cost Funding Water Fund 21 22 23 24 25

26 27 28 29 30 31

Water Operations: Mobile 6 inch dry prime pump Eighth Street water tower rehabilitation South Nags Head water tower rehabilitation Liquid chlorine conversion 1 million gallon treatment train***** Water Distribution: Barnes Street asbestos cement pipe replacement Deering Street to Soundside Road line extension Soundside Road to Hollowell line extension Asbestos cement pipe water main replacements Gull Street pump station improvements*** Update to water system master plan

2020 2021 2024 2024 2024

2020 2020 2020 2021 2023 2023

$

43,340 315,618 315,618 129,600 4,001,250 $ 4,805,426

$

43,340 $ 43,340

$

$

-

$

$

$

$

-

$

235,000 216,576 460,727 1,500,000 1,490,450 73,200 $ 3,975,953

-

Total Water Fund Lease Payments and Capital Outlay

-

-

$ -

$

Total Cost

Total Cost to Town (including interest) Reserve Water

$

120,000 120,000

$

315,618 315,618 129,600 5,401,250 6,162,086

$

235,000 460,727 1,380,000 1,825,520 73,200 3,974,447

$

$

$

Water Fund Impact FY 20

43,340 315,618 315,618 129,600 5,401,250 6,205,426

$

235,000 216,576 460,727 1,500,000 1,825,520 73,200 4,311,023

$

LGC Approval

-

$ -

$

$

235,000 216,576 460,727 912,303

$

912,303

Replacement costs are estimates Estimated interest rate of 4%, 3 year payment in advance ***ten years at 5%*****fifteen years at 5% Possible cash down payment on some lessening future year lease payments

43,340 43,340

$

$

$

235,000 216,576 460,727 912,303

$

955,643

YES

-

Cash and Financing Payment Schedule FY 2021 FY 2022 FY 2023

FY 2020

$ $

YES

$

315,618 315,618 -

$

300,000 300,000

$

615,618

$

-

$

FY 2025 And Beyond

FY 2024

-

-

$ -

$

-

$

-

$

$

-

$

-

$

$

300,000 300,000

$

300,000 150,170 73,200 523,370

$

300,000

$

523,370

$

315,618 129,600 267,917 713,135 300,000 215,934 515,934

$ 1,229,069

$

$ $

$

5,133,333 5,133,333 300,000 1,459,416 1,759,416

$ 6,892,749

Water Fund Capital Improvement Program Workshop March 19, 2019

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Town of Nags Head Recommended Budget CIP Schedule with Projected Lease Payments For the Fiscal Year 2019-2020 Yellow highlights indicate items on the Adopted Fiscal Year 2018-2019 CIP Schedule Fiscal Cash Grant Description Year Cost Funding Capital Reserve 32 33

34

Stormwater: Stormwater master plan phase IV Hydroseeding machine Beach Nourishment: Perpetual beach nourishment easements

2020 2021

2020

$

2,196,500 75,000 $ 2,271,500

$

-

$

$

$

50,000

Total Capital Reserve Lease Payments and Capital Outlay

Total Cost

Total Cost to Town (including interest) Reserve General

$

-

-

2,196,500 77,961 $ 2,274,461

$

-

-

$

$

-

-

$

50,000

-

$

Capital Reserve Impact FY 20

$

$

2,196,500 77,961 2,196,500

$

50,000

LGC Approval

$

$

2,196,500 2,196,500

$

50,000

$

2,246,500

Replacement costs are estimates Estimated interest rate of 4%, 3 year payment in advance Possible cash down payment on some lessening future year lease payments

Cash and Financing Payment Schedule FY 2021 FY 2022 FY 2023

FY 2020

$

$

2,196,500 2,196,500

$

$

25,987 25,987

$

50,000

$

-

$ 2,246,500

$

25,987

$

$

25,987 25,987

$

-

$

25,987

FY 2025 And Beyond

FY 2024

$

-

$

25,987 25,987

$

$

-

$

$

25,987

$

$

-

-

$

-

-

$

-

-

-

$

Capital Reserve Fund Capital Improvement Program Workshop March 19, 2019

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-

-


TOWN OF NAGS HEAD CAPITAL IMPROVEMENT PROGRAM REQUEST FISCAL YEARS 2019-2020 THROUGH 2028-2029 SUMMARY TABLE

Tab

Priority:

21

27 28

Short-Term

26

22 29

Intermediate

24

FY 2020

FY 2021

FY2022

31

FY2023

FY2024

FY2025

LongTerm

FY2027

FY2028

FY2029

>FY2029

Funding

$43,340

Grant

6" asbestos cement pipe water main replacement Barnes Street beneath bypass road

$235,000

Reserve

Deering Street to Soundside Road line extension

$216,576

Reserve

Soundside Road to Hollowell line extension

$460,727

Reserve

Eighth Street elevated storage tank rehabilitation

$315,618

Miscellaneous asbestos cement pipe water main replacements

$300,000

Reserve $300,000

$300,000

$300,000

$300,000

$300,000

$300,000

$300,000

$300,000

$300,000

Reserve

$150,170

$215,934

$208,488

$201,042

$193,596

$186,150

$178,704

$491,436

10-yr Loan

South Nags Head tower elevated storage tank rehabilitation

$315,618

Liquid chlorine conversion at Eighth Street and Gull Street pump stations

$129,600

Water system comprehensive plan update and system development fee study

$315,618

Reserve Reserve

$73,200

$80,520

Eighth Street elevated storage tank rehabilitation

n/a

FY2026

Mobile 6 inch dry prime pump

Gull Street pump station improvements

30 23

Project:

Reserve

$315,618

Reserve

1 million gallon treatment train Totals:

$955,643

$615,618

$300,000

$523,370

Page 4

$961,152

$508,488

$816,660

$493,596

$566,670

$794,322

$791,436


Profile for Town of Nags Head

Capital Improvement Program Requests FY 2019/2020-2023/2024  

Capital Improvement Requests for Fiscal Years 2019/2020-2023/2024

Capital Improvement Program Requests FY 2019/2020-2023/2024  

Capital Improvement Requests for Fiscal Years 2019/2020-2023/2024

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